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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Suresh who wrote (16347)	2/22/1999 10:52:00 PM
From: Patrick Slevin	Read Replies (1) of 44573

Hm. I think the head fakes took place Thursday, Friday. Just to a lesser extent than I thought possible. There should be one in the morning. A day like today is rarely followed in the same fashion. But I don't think my Long will be stopped out. Generally I have an idea where I'll buy for the day trade but the day may be a bit erratic...early in the morning at various times and during the hour prior to the Bond Close in particular. I think the Elephants shall dance a little bit but not enough to break it down tomorrow. P/C ratios are climbing, so that scenario may be in the cards in a few days however. I understand a large block went through early at 1143.....that has not been covered yet that I know of so the near term bias should still be somewhat north, although a bit difficult to believe at times tomorrow. Actually, if you are so inclined there may be an opportunity to take a Sell at about 10 EST. For my own part I'll probably wait for the Buy unless I think I see something on Globex that looks interesting.

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